Intel to announce its manufacturing and R&D plans for European Union tomorrow

Published: Mar 14th 2022, 16:04 GMT   Comments

Intel to announce its EU plans tomorrow

Tomorrow at 6 AM PDT (2 PM CET) Intel will have a webcast outlining the company’s plans for manufacturing and development of it chips in the European Union. 

The short announcement of the webcast does not confirm or even suggest where the locations of the new chip designing and manufacturing centers could be located, however there are plenty of rumors.

Intel’s IDM 2.0 strategy has been on its CEO’s mind ever since he took the office. Intel is investing billions of dollars to meet the global demand for semiconductors and to establish Intel’s position in the business. Plans for massive chip factories have been outlined for US, Israel and Europe. A total of 44B USD are to be invested, the company announced last year. In January, Intel confirmed it will expand its business in Ohio, US with two chip factories worth 20B USD.

On Tuesday, Intel will announce where its first EU-based chip factory might be located. The rumors point towards such foundry in Magdeburg, Germany.

The webcast will be streamed on Intel website. It is unclear if Pat Gelsinger will take part in the Q&A session later.

​As part of its IDM 2.0 strategy, Intel is committed to investing in research and development (R&D) capabilities and manufacturing capacity to meet the surging demand for advanced semiconductors and to build a more resilient, globally balanced supply chain.

Join a webcast with CEO Pat Gelsinger where he will share details of Intel’s latest plans for in semiconductor R&D and manufacturing in Europe.

When: 6 a.m. PDT (2 p.m. CET), Tuesday, March 15

Where: Watch live on the Intel Newsroom.

Source: Intel via PCGamesHardware

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